European Commission launches tool to combat VAT fraud
by Kylene Casanova
A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.
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FXSpotStream starts bank to client production trading
by Kylene Casanova
FXSpotStream has completed the build out of its sites ahead of schedule and the service is now available globally from FXSpotStream's hosted sites in New York, London and Tokyo. FXSpotStream' s liquidity providers,
Use biometric debit cards to distribute payroll or benefits and minimise fraud
by Kylene Casanova
Since March, the South African Social Security Agency (Sassa) has worked with Net1 UEPS Technologies and Grindrod Bank to distribute more than 2.5 million MasterCard cards, which use biometrics to help fight fraud,
Bloomberg’s FX trading platform is selected by Vodafone Hutchison Australia
by Kylene Casanova
Vodafone Hutchison Australia (VHA), a 50:50 joint venture between telecommunications groups Vodafone and Hutchison 3G, has selected Bloomberg’s foreign exchange trading platform (FXGO) to manage exchange rate risk.
Cash is the fall back, cash is king
by Kylene Casanova
Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were reje
Use a smartphone to verify online purchases
by Kylene Casanova
A new solution is coming to verify online purchases more secure. SafePay Solutions, a Canadian authentication based company, has revealed plans to launch a new tool which uses a smartphone to verify online purchases
BofA Merrill expands Commercial Card coverage
by Kylene Casanova
New York and London: BofA Merrill today announced that its card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden.
mopay extends its mobile payments portfolio in the Middle East & North Africa
by Kylene Casanova
mopay, a global provider of online payment solutions, today announced the successful completion of its large-scale network extension initiative in the Middle East & North African (MENA) region.
Thomson Reuters Eikon adds tropical weather insight and analytics for energy market professional
by Kylene Casanova
Thomson Reuters has added tropical weather insight and analytics to its flagship information desktop, Thomson Reuters Eikon, to help financial markets professionals better understand the influence weather may have u
Australian-based global Forex provider, Vantage FX, introduces new platform for live trading
by Kylene Casanova
Vantage FX is the first, and only Australian regulated financial services firm offering the completely new MT5 trading software in a live trading environment.
Companies without formal fraud reporting procedures have a greater risk of fraud going unreported
by Kylene Casanova
London, UK: A recent survey by EuroFinance has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in.
Swift launches cloud-based Alliance Lite2
by Kylene Casanova
Alliance Lite2 connects customers to the SWIFT network, enabling them to exchange messages and files with other SWIFT users. It is now commercially available worldwide following successful pilot (beta) testing with
BofA Merrill enhances its Global Liquidity Platform with Notional Pooling
by Kylene Casanova
NEW YORK: Bank of America Merrill Lynch today announced it has added Notional Pooling to its Global Liquidity Platform. Companies can utilize single and multi-currency notional pooling solutions to reduce capital co
Thomson Reuters and GFI Group have formed a JV with SDIC Trust to launch a FX and money brokerage in
by Kylene Casanova
The partners - Thomson Reuters, GFI Group and SDIC Trust - feel that they meet the prerequisites required to obtain an application for a licence and are preparing to file with regulators for the Beijing-based JV.
Surveys show UK companies are better payers than rest of Europe, but two in three UK Businesses are
by Kylene Casanova
The latest Payment Practices Barometer from Atradius showed that British businesses appear to be performing better than those across Western Europe when it comes to settling invoices on time.
ICD’s Transparency Plus® 3.0 enhances Exposure Analytics to include a wide range of fixed inco
by Kylene Casanova
San Francisco: Institutional Cash Distributors (ICD) today announced the release of Transparency Plus 3.0 (T+ 3.0), its latest exposure analytics application with new institutional investment features and risk manag
In the UK customers are increasingly willing to use alternative payment methods such as PayPal, clai
by Kylene Casanova
According to the British Retail Consortium (BRC) non-card methods, mainly e-payment systems such as PayPal, Google Checkout and Amazon Payments, were used in UK for 150 million transactions, worth £1.2 billion, last
3.6% of all Internet payments are completed using iPad devices
by Kylene Casanova
The iPad is the world's most commonly used mobile device for payments, with users spending on average 20 percent more per purchase than on other mobile devices, according to a research conducted by Adyen, a provider
ISO 20022 camt.086 Message (BSB / Bank Services Billing) - officially released
by Kylene Casanova
The TWIST BSB now has an ISO 20022 counterpart message, camt.086. It was developed by SWIFT (Dave Dobbing and Vincent Kuntz) and TWIST (Steve Weiland and Paul Burstein).
DataCash and Alipay to boost cross-border payments in China
by Kylene Casanova
DataCash Group Ltd, a MasterCard company, today announced the integration of Alipay, a leading third-party payment platform in China, to its international payment solution.
Although cash still dominates sub-Saharan domestic remittances, mobiles and mobile money are key eve
by Kylene Casanova
The Bill & Melinda Gates Foundation foundation commissioned pollster Gallup to carry out face-to-face interviews with 1000 adults in each of 11 sub-Saharan countries: Botswana, Congo, Kenya, Mali, Nigeria, Rwanda, S
A vital inflexion point in retailing is occurring right now. How are you ...........?
by Kylene Casanova
EBay's CEO believes an inflexion point in retailing is occurring. Consider:
Kyriba reports 42% increase in monthly recurring revenue + 32 new clients in last year
by Kylene Casanova
Kyriba, a cloud-based treasury management solutions provider, have announced the strong growth in the second quarter of 2012. The company signed on 32 new global clients - including AOL,
First user of Reval’s Enterprise Treasury and Risk Management Solution announces successful implemen
by Kylene Casanova
When Reval acquired ecofinance in early 2011 to enter the general corporate treasury management systems market it was clear that the integration of the two systems - econfinance and Reval - would take time. It is on